Spendher bitcoin buying app launches in Australia

Spendher bitcoin buying app launches in Australia

You don’t see instant verification, quick transfers and no daily limits, even for new customers, too often.

A new cryptocurrency app called Spendher has launched in Australia. Unusually, it offers instant customer verification and no limits other than a whopping $100,000 per transaction. Unless you’re a big spend(h)er aiming to plonk down more than $100,000 on bitcoin, you won’t run into any limits at all.

This is made possible with a fortuitous combination of timing, including the changing of rules around the InstantID system which Spendher uses.

To get instantly verified, users can simply enter their details for on-the-spot verification rather than uploading photos, writing out statements or dealing with the usual obstacles. Users will need to enter the details of at least two of the three following IDs:

Medicare card

Passport

Driver’s licence

The other defining feature might be its focus on women, and its money education, price updates and other educational notifications rather than throwing users into the deep end the way many other exchanges do.

“Spendher is an app that enables users to buy and sell bitcoins on your mobile instantly. The simplicity and speed sets it far apart from anything else available in Australia right now. We are a trusted space for individuals to invest in Bitcoin with the goal of long term wealth creation. Spendher is the trusted space to make and watch your investments,” the app description reads. “Built with love by a female, Spendher aims to attract more females into the space. We are using cryptocurrencies as a gateway to kicking some broader investment goals and increasing financial literacy – increasing the independent wealth of women.”